0001198212-13-000001.txt : 20131212
0001198212-13-000001.hdr.sgml : 20131212
20131212183948
ACCESSION NUMBER: 0001198212-13-000001
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20131210
FILED AS OF DATE: 20131212
DATE AS OF CHANGE: 20131212
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ESSEX PROPERTY TRUST INC
CENTRAL INDEX KEY: 0000920522
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 770369576
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 925 EAST MEADOW DR
CITY: PALO ALTO
STATE: CA
ZIP: 94303
BUSINESS PHONE: 6504943700
MAIL ADDRESS:
STREET 1: 925 EAST MEADOW DRIVE
CITY: PALO ALTO
STATE: CA
ZIP: 94303
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SCHALL MICHAEL J
CENTRAL INDEX KEY: 0001198212
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13106
FILM NUMBER: 131274653
MAIL ADDRESS:
STREET 1: C/O ESSEX PROPERTY TRUST
STREET 2: 925 E MEADOW DRIVE
CITY: PALO ALTO
STATE: CA
ZIP: 94303
4
1
primary_doc.xml
PRIMARY DOCUMENT
X0306
4
2013-12-10
0
0000920522
ESSEX PROPERTY TRUST INC
ESS
0001198212
SCHALL MICHAEL J
C/O ESSEX PROPERTY TRUST
925 E MEADOW DRIVE
PALO ALTO
CA
94303
0
1
0
0
President and CEO
LTIP Units
2013-12-10
4
A
0
3600
0
A
Common Stock
3600
3600
D
Stock Option (right to purchase)
152.63
2013-12-10
4
A
0
20000
0
A
2023-12-10
Common Stock
20000
95000
D
Represents LTIP Units in Essex Portfolio, L.P.
Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and vesting as described in footnote 3 below, each LTIP Unit may be converted, at the election of the holder, into a unit of limited partnership interest in Essex Portfolio, L.P. (a "Common Unit"). Each Common Unit acquired upon conversion of an LTIP Unit may be converted into one share of Common Stock of the Issuer. LTIP Units are generally not convertible without the consent of the Issuer until two years from the date of the grant. The rights to convert LTIP Units into Common Units and to convert Common Units into shares of Common Stock do not have expiration dates.
900 of the LTIP Units granted are scheduled to vest 25% on each of the first four anniversaries of December 10, 2013, subject to continued employment through such dates. 2,700 of the LTIP Units granted are scheduled to vest 25% on each of the first four anniversaries of December 10, 2013, subject to continued employment through such dates and the achievement of certain performance criteria based on the Issuers total return to shareholders through December 10, 2014. In accordance with applicable Form 4 reporting requirements, the foregoing excludes 5,400 LTIP Units also granted on December 10, 2013 that are scheduled to vest 25% on each of the first four anniversaries of December 10, 2013, subject to continued employment through such dates and the achievement of certain performance criteria based on the Issuers relative total return to shareholders measured against industry-specific indices through December 10, 2014.
20% of these options will vest on 12/10/2014 and 1/60th of the options shall vest on each monthly anniversary thereafter.
/s/ Michael T. Dance, Attorney in Fact
2013-12-12